July 2017 Storm Utility FundOver
2017 July YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 50,000 0 0 (50,000)0.00%(1)
Interest Earnings-Other 0 279 2,066 2,066
Storm Sewer Charges 2,375,000 203,185 1,289,314 (1,085,686)54.29%
Bassett Creek Watershed 0 0 0 0
Miscellaneous Receipts 207,775 0 16,988 (190,787)
State Grant - Other 0 0 276,188 276,188
Total Revenue 2,632,775 203,464 1,584,556 (1,048,219)60.19%
Expenses:
Storm Utility 3,527,930 399,467 2,669,375 (858,555)75.66%(2)
Street Cleaning 128,000 427 47,466 (80,534)37.08%
Environmental Control 317,565 21,261 168,247 (149,318)52.98%
Debt Service Payments 0 49,742 49,742 49,742 0.00%(3)
Total Expenses 3,973,495 470,897 2,934,830 (1,038,665)73.86%
(1) Interest Earnings are allocated at year-end.
(2) Depreciation is allocated at year-end and.
(3) Debt service payments will be reimbursed by TIF.
City of Golden Valley
Monthly Budget Report - Storm Utility Enterprise Fund
July, 2017 (unaudited)